Thompson Siegel & Walmsley LLC reduced its holdings in FirstEnergy Corporation (NYSE:FE) by 4.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,782,767 shares of the utilities provider’s stock after selling 288,868 shares during the quarter. FirstEnergy Corporation accounts for 2.1% of Thompson Siegel & Walmsley LLC’s holdings, making the stock its biggest position. Thompson Siegel & Walmsley LLC owned about 1.30% of FirstEnergy Corporation worth $178,283,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. raised its holdings in shares of FirstEnergy Corporation by 23.4% in the 2nd quarter. Vanguard Group Inc. now owns 44,375,170 shares of the utilities provider’s stock worth $1,293,979,000 after purchasing an additional 8,409,439 shares in the last quarter. BlackRock Inc. raised its holdings in shares of FirstEnergy Corporation by 13.9% in the 2nd quarter. BlackRock Inc. now owns 44,045,492 shares of the utilities provider’s stock worth $1,284,363,000 after purchasing an additional 5,369,241 shares in the last quarter. LSV Asset Management raised its holdings in shares of FirstEnergy Corporation by 2.7% in the 2nd quarter. LSV Asset Management now owns 14,438,631 shares of the utilities provider’s stock worth $421,030,000 after purchasing an additional 385,978 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of FirstEnergy Corporation by 6.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 11,546,862 shares of the utilities provider’s stock worth $336,706,000 after purchasing an additional 745,495 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. raised its holdings in shares of FirstEnergy Corporation by 12.5% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 4,102,906 shares of the utilities provider’s stock worth $119,641,000 after purchasing an additional 456,314 shares in the last quarter. Institutional investors and hedge funds own 81.59% of the company’s stock.

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A number of equities research analysts have recently issued reports on the stock. Bank of America Corporation assumed coverage on shares of FirstEnergy Corporation in a report on Tuesday, October 24th. They set a “neutral” rating and a $34.00 price target on the stock. Evercore ISI upgraded shares of FirstEnergy Corporation from an “in-line” rating to an “outperform” rating and boosted their price target for the company from $30.00 to $35.00 in a report on Monday, August 14th. Jefferies Group LLC restated a “hold” rating and set a $33.00 price target (up previously from $31.00) on shares of FirstEnergy Corporation in a report on Monday, July 31st. Zacks Investment Research lowered shares of FirstEnergy Corporation from a “buy” rating to a “hold” rating in a report on Monday, September 18th. Finally, ValuEngine upgraded shares of FirstEnergy Corporation from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Thirteen research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $34.39.

Shares of FirstEnergy Corporation (FE) traded down $0.07 on Monday, reaching $34.58. 540,048 shares of the company were exchanged, compared to its average volume of 4,254,148. FirstEnergy Corporation has a 52-week low of $27.93 and a 52-week high of $35.22. The stock has a market capitalization of $15,410.00, a P/E ratio of 12.69 and a beta of 0.24. The company has a debt-to-equity ratio of 3.29, a current ratio of 0.69 and a quick ratio of 0.56.

FirstEnergy Corporation (NYSE:FE) last announced its quarterly earnings data on Thursday, October 26th. The utilities provider reported $0.97 EPS for the quarter, beating the Zacks’ consensus estimate of $0.86 by $0.11. FirstEnergy Corporation had a negative net margin of 35.99% and a positive return on equity of 19.29%. The firm had revenue of $3.70 billion for the quarter, compared to the consensus estimate of $3.72 billion. During the same period in the previous year, the firm posted $0.90 earnings per share. equities analysts predict that FirstEnergy Corporation will post 3 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Tuesday, November 7th will be given a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 4.16%. The ex-dividend date of this dividend is Monday, November 6th. FirstEnergy Corporation’s dividend payout ratio is -12.23%.

About FirstEnergy Corporation

FirstEnergy Corp. is a holding company. The Company is engaged in holding, directly or indirectly, all of the outstanding equity of its principal subsidiaries. Its segments include Regulated Distribution, Regulated Transmission, Competitive Energy Services (CES) and Corporate/Other. As of December 31, 2016, the Regulated Distribution segment distributed electricity through the Company’s 10 utility operating companies, serving approximately six million customers, and purchased power for its provider of last resort (POLR), standard offer service (SOS), standard offer service (SSO) and default service requirements in Ohio, Pennsylvania, New Jersey and Maryland.

Institutional Ownership by Quarter for FirstEnergy Corporation (NYSE:FE)

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